MIO Partners

SEC Fines McKinsey Subsidiary MIO Partners $18 Million for Puerto Rico Conflict of Interest and Material Nonpublic Information Violations

2021-11-22 00:00:00 +0000 UTC | Importance: 9/10

The Securities and Exchange Commission censured MIO Partners Inc. (McKinsey’s investment subsidiary) and ordered it to pay $18 million to settle allegations that it had access to material nonpublic information about Puerto Rico and other issuers while simultaneously overseeing investments that …

Securities and Exchange Commission (SEC) MIO Partners McKinsey & Company Financial Oversight and Management Board for Puerto Rico mckinsey sec-enforcement mio-partners puerto-rico conflict-of-interest +4 more

Investigation Reveals McKinsey Advised Both Puerto Rico Fiscal Board and Hedge Fund Creditors Through Whitebox Advisors Holding $140 Million in Bonds

2018-12-01 00:00:00 +0000 UTC | Importance: 9/10

Centro de Periodismo Investigativo revealed that McKinsey’s conflict of interest in Puerto Rico extended beyond its own bond holdings to include connections with major creditors through hedge fund Whitebox Advisors, which held over $140 million in Puerto Rico bonds through various investment …

McKinsey & Company MIO Partners Whitebox Advisors Financial Oversight and Management Board for Puerto Rico Centro de Periodismo Investigativo mckinsey puerto-rico conflict-of-interest hedge-funds consulting-scandal +4 more